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Microcap & Penny Stocks : DOUBLE DAY, INC. (BB: DBDY) BIG GAINS LITTLE RISK
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To: randy who wrote (1952)5/27/1998 1:42:00 AM
From: Larry Brubaker  Read Replies (1) of 2303
 
randy: DBDY had licensed a binder from Covol which was to be used in DBDY's coal fines pelletizing process. I believe the binder was actually the item which was supposed to make DBDY's process eligible for Sec. 29 tax credits.

However, it seems as if DBDY was unable to actually build any pelletizing plants (no recent info. from the company is forthcoming, and the time to get a plant build to take advantage of Sec. 29 tax credits is running out).

So, the impact on Covol is they would seem to be unlikely to receive any licensing revenue from DBDY. I doubt whether Covol was counting on much revenue from DBDY anyway, so DBDY's failure is probably no big deal to them.
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